WHAT IS A CITIBANK CONSOLIDATION LOAN?

A Citibank Federal Consolidation Loan combines several existing student loans into one new loan. You can enjoy the convenience of lower monthly payments, a single fixed interest rate and one monthly payment.

WHAT IS THE INTEREST RATE?

The interest rate for a Consolidation Loan is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of one percent. This rate is fixed and cannot exceed 8.25%. You may be able to take advantage of a rate as low as 5.3751.The interest rate on a Consolidation Loan is set according to federal law.